Foretellix, an Israeli based start-up automating the verification and measurable safety of autonomous vehicles, announced it has closed $14M of series-A funding. Led by 83North, Jump Capital, and Nextgear Ventures, the investment will accelerate Foretellix’s development, customer programs and deployment of its coverage driven verification solution. The company has now raised over $16M since it was founded.
Foretellix is providing leading developers of autonomous vehicles with the ability to realize and demonstrate the extremely high level of safety required to unleash the full potential of the autonomous revolution. Foretellix develops coverage driven verification solutions to ensure that the autonomous vehicle behaves properly in the 100’s of millions of critical driving scenarios, and are therefore safe for broad deployment.
Foretellix also automates the extraction and analytics of the safety-related coverage metrics, representing the percentage of scenarios proven to work in a wide range of possible situations and conditions. These metrics are required by developers, consumers, suppliers, insurance companies and regulators. This solution works with all required driving platforms, including simulators, X-in-the-loop configurations, test tracks, and test vehicles.